Business

Photo credit: .nass.gov.ng

Bill to mandate govt agencies to patronise Nigerian products gets second reading

Lawmakers argued that the bill would help spur sales for local manufacturers.

NBS

Lagos, Ogun top list of revenue earners for first half 2016

‎Nasarawa State generated the lowest revenue for the period under reference at N1.05 billion.

Kayode Fayemi, Minister of Mining and Steel Development

Global body commends Nigeria for improved transparency in extractive industry

“After a careful review of Nigeria’s efforts … the EITI Board has decided that Nigeria is making meaningful progress…”

CBN

Nigeria Central Bank bars banks from virtual currency transactions

“Transactions in VCs are largely untraceable and anonymous.”

Heritage Bank

Sacked Heritage Bank workers ‘adequately compensated’ – Official

The restructuring came after a review of the bank’s staff strength and industry standards, an official said.

Managing Director, Nigeria Sovereign Investment Authority (NSIA), Uche Orji

Nigeria wealth agency debuts with $200 million Infrastructure funding facility

InfraCredit was conceived as a sustainable framework for stimulating infrastructure investments.

cookign-gas

Cooking Gas: NNPC, Sahara Energy unveil steps to ensure steady supply

The price of cooking gas has gone up in various parts of the country.

ESTATE

RECESSION: Estate agents lament drop in prices of property

Despite the price drop, people are not buying the property, the agents said.

Courtesy vanguardngr

Cooking Gas Price: NLNG discharges 13,000 tonnes to Lagos jetty

The NLNG had refuted claims that the company increased the price of liquefied petroleum gas, LPG, in the market.

Photo credit: thenewsnigeria.com.ng

SEC pays N30 billion unclaimed dividends – Management

E-dividend payment platform was introduced to address the rising incidence of unclaimed dividends in the Nigerian capital market.

nigeria stock exchange

NSE: Mobil leads gainers as equity market records 0.18% growth

Total recorded the highest price loss to lead the loser’ table.

naira_notes-638x431

Naira stabilises at N497/$ as hope of recovery imminent

Trading at the interbank market saw the Naira weakened further at N305.25 to a dollar.

petrol-station-fuel

Kwara, Bayelsa, Kebbi pay highest price for petrol in December

The report stated that Lagos, Oyo and Akwa Ibom States sold at lowest average price of N144 per litre.

Heritage Bank

Heritage Bank sacks ‘400’ staff

An official told NAN that workers from the former Enterprise Bank were the most affected.

Total

Nigerian govt amends charges in $245 million fraud suit against Total, Chevron

A judge castigated the federal government for its handling of the Chevron suit.

FILE PHOTO: Dangote trailer

Dangote announces establishment of truck assembly plant in Lagos

The new company can assemble 10,000 trucks annually.

NNPC-Towers (1)

50 companies bid for NNPC’s boat supply contract

The boats will be for the maritime operational requirements of the NNPC in Lagos, Warri and Port Harcourt.

nigerians-in-a-tight-queue-to-buy-kerosene-at-nnpc-station

NNPC resumes loading of petroleum products as kerosene scarcity continues

“This queue is terrible, and the cost of refilling gas too is now slightly increased.”

garri

Nigeria inflation hits 18.55%

The rise in the index was caused by increases in prices of meat, bread and cereals, oil and fats, fish, and food items.

Nnamdi Azikiwe International Airport, Abuja

Stop planned closure of Abuja airport, aviation unions tell Buhari

“The whole hoopla about Kaduna being an alternate airport to Abuja is all but a hoax,” the unions said.

MMM pic 2

MMM: SEC warns Nigerians against investing in Bitcoins, other digital currencies

SEC said investing in Bitcoins could be very risky and is not approved by any Nigerian regulatory agency.

Photo credit: Tribune

BOI will only finance NAFDAC-certified products

“It is only certified products that can be sold in the market profitably. It is important for BoI customers to be accredited.”